The secular increase in real wages resulted from increases in labor productivity:

Question

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The secular increase in real wages resulted from increases in labor productivity which have increased the demand for labor faster than the supply of labor. Higher productivity means that each worker can produce more output per hour of work, which increases the demand for labor as firms seek to produce more goods and services. This increased demand for labor results in higher wages as firms compete for scarce labor resources.

The Secular Increase in Real Wages Resulted from Increases in Labor